Market Views: How will the US election affect EM stocks?

Joe Biden may be leading in the polls, but investors aren’t writing off Donald Trump winning the US presidential election just yet. A contested US election outcome would undoubtedly cause market anxiety and turbulence, which will reduce appetite for emerging market assets. In the run-up to the elections, Asia’s emerging markets have already seen volatility. India’s Nifty 50 has been falling over the past month, tracking a general deterioration in global markets lower, as the numbe…